Bicycle industry

The Bicycle Industry or Cycling Industry can broadly be defined as the industry concerned with bicycles and cycling. It includes at least bicycle manufacturers, part or component manufacturers, and accessory manufacturers. It can also include distributors, retailers, bicycle organizations, bicycle event promoters, and bicycle related service providers.

The Global Bicycle Industry generales sales for over $45 bn in 2017 and is forecasted, according to analist consensus, at 6-0% p.a. over the next 5yr [1]

In 2016 in the United States, it generated $6 billion of revenue [2] and in Europe, it generated €14 bn in revenues.[3]

Manufacturing

Bicycle manufacturers

Bicycle component manufacturers

Distribution

Bicycle and component distributors

Bicycle and component retailers

Services and events

Touring

Racing

Trade

Advocacy

Besides advocating for greater safety, comfort, and convenience for bicyclists, many members of the industry promote bicycles for poverty alleviation. Experiments done in Africa (Uganda and Tanzania) and Sri Lanka on hundreds of households have shown that a bicycle can increase the income of a poor family by as much as 35%.[4][5][6] Transport, if analyzed for the cost-benefit analysis for rural poverty alleviation, has given one of the best returns in this regard. For example, road investments in India were a staggering 3-10 times more effective than almost all other investments and subsidies in rural economy in the decade of the 1990s. What a road does at a macro level to increase transport, the bicycle supports at the micro level. The bicycle, in that sense, can be one of the best means to eradicate poverty in poor nations.

World Bicycle Relief, which specializes in large-scale, comprehensive bicycle distribution programs to aid poverty relief and disaster recovery initiatives in developing countries around the world, includes among its sponsors such notable companies as Accell Group, Bicycle Technologies International, Giant Bicycles, GT Bicycles, Quality Bicycle Products, Shimano, SRAM Corporation, Specialized Bicycle Components, and Trek Bicycle Corporation.

Publications

Notable publications about bicycles and cycling include:

See also

References

  1. ↑ http://www.bike-eu.com/sales-trends/nieuws/2017/6/cycling-sales-to-grow-by-38-to-56-billion-euros-in-2024-10130327
  2. ↑ https://www.statista.com/topics/1686/cycling
  3. ↑ http://www.bike-eu.com/sales-trends/nieuws/2017/6/cycling-sales-to-grow-by-38-to-56-billion-euros-in-2024-10130327
  4. ↑ "Bicycle: The Unnoticed Potential". BicyclePotential.org. 2009. Archived from the original on 25 June 2011. Retrieved 2011-07-09.
  5. ↑ Niklas Sieber (1998). "Appropriate Transportation and Rural Development in Makete District, Tanzania" (PDF). Journal of Transport Geography. 6 (1): 69–73. doi:10.1016/S0966-6923(97)00040-9. Retrieved 2011-07-09.
  6. ↑ "Project Tsunami Report Confirms The Power of Bicycle" (PDF). World Bicycle Relief. Archived from the original (PDF) on 2010-12-26. Retrieved 2011-07-09.
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